Business

by | January 04, 2019 | 06:14

A couple of factors have created the weak sales environment in China for the Apple iPhone , which led Apple to cut its guidance on fiscal first quarter revenue . In late December, the promotional program for the new models went live in China, adding one major perk: users in China cannot only trade in their old iPhones, but also Android phones made by Apple's major competitors in China, including Huawei , OPPO and Xiaomi.

by | December 30, 2018 | 03:31

Plans to close 80 additional stores were unveiled Friday, bringing the total number of closings to more than 260, which is over a third of its almost 700 stores. Spokespersons for both Sears and ESL declined to comment. "Even with an approved bid, the company is heading for another iceberg and will sink before the winter weather is gone".

by | December 30, 2018 | 03:14

Earlier this month, China's major state-owned grain stockpiler said it had resumed buying U.S. soybeans, and Beijing announced it would suspend extra tariffs added to US-made cars and auto parts starting January 1. In yet another sign of reconciliation, China on Dec 25 issued a so-called "negative" list that specifies industries where investors - domestic or foreign - are either restricted or prohibited.

by | December 29, 2018 | 01:57

New York City Council member Costa Constantinides tweeted out that the NYPD's 114th district was on the scene, and thankfully there has been no reported injuries or damage to nearby homes. between Woodside - 74th St. and Main Street. An electrical fault is basically just an electrical current that isn't behaving as it should, and Con Edison is still investigating what caused the fault in this case.

by | December 29, 2018 | 02:09

Stock markets staged a remarkable comeback on Wednesday, erasing losses suffered during the worst Christmas Eve trading session in US history. Nasdaq rose 5.8 percent or 361 points to 6,554. European markets returned to trading following the Christmas and Boxing Day holidays to trade mixed. In early afternoon, only 5 stocks in the benchmark index were higher .

by | December 28, 2018 | 02:53

Very smart person", he said. But the source painted a different picture of Mnuchin's standing behind the scenes. They added: 'Mnuchin is under the gun'. The United States treasury secretary has on Monday, called the chief executive officers (CEOs) of six biggest banks of the USA and organized plans to summon a "plunge protection team", amid the U.S.

by | December 28, 2018 | 03:12

Some companies are even reported of discouraging Apple product use by excluding the iPhone users from any job promotions. The shares of Apple has fallen down in China. There is a more sinister side to the Chinese firm's unwavering support, with some reportedly also pushing staff to boycott products from Apple . Many China-based smartphone vendors, including Huawei , launch new devices at a more rapid rate than Apple does.

by | December 28, 2018 | 01:26

Bonds prices rose. The yield on the 10-year Treasury slipped to 2.78 percent from 2.79 percent late Wednesday, although the yield dropped as low as 2.73 percent when stocks were near their lowest levels as investors sought safer investments.

by | December 27, 2018 | 01:56

Investors returned from the Christmas holiday break in a buying mood Wednesday, sending USA stocks sharply higher and placing the market on track for its best day in nine months. While he still criticized the Federal Reserve for raising interest rates too quickly, he said policy makers should "get it pretty soon", helping to soften market concern that he may try to fire Fed Chairman Jerome Powell .

by | December 26, 2018 | 03:04

Despite that, oil prices fell on Friday to their lowest since the third quarter of 2017 as global oversupply kept buyers away from the market ahead of holidays over the next two weeks. President Trump would not want to see WTI falling further to support U.S. shale industry", said Kim Kwang-rae, a commodity analyst at Samsung Futures in Seoul.

by | December 26, 2018 | 02:25

If you need some last minute gifts or some allergy medicine to cope with Aunt Edna's floral perfume, Walgreens will be open on Christmas Day and will likely have everything you need until Target opens again. Smith's: Open on Christmas Eve . If you're looking for your early morning coffee or donut fix, many Dunkin' Donuts, Starbucks stores, and Tim Horton's locations are open, though some stores may be operating on holiday hours.

by | December 24, 2018 | 02:19

Oil's slump persisted this week on broader market turmoil spurred by a plunge in global equities after the US central bank lowered the forecast for 2019 growth to 2.3 percent from 2.5 percent in September. "This will compound a glut in OECD commercial oil stocks". OPEC has agreed recently to cut production by more than one million barrels per day, but production is at its peak in three major oil producing countries, the U.S., Saudi Arabia and Russian Federation.

by | December 24, 2018 | 02:25

The recall comes as the CDC reports 52 new cases of illness linked to an outbreak strain of Salmonella in various turkey products that include live turkeys and raw turkey pet food. A patient in MI tested positive for salmonella after consuming some of the affected ground turkey. "These products were not imported or distributed in the Canadian marketplace".

by | December 23, 2018 | 02:13

The benchmark S&P 500 index is in what Wall Street calls a correction, and is headed toward a bear market, threatening to end the more than 9-year USA bull market run. government unless Congress authorizes money for a Mexico border wall, thus risking a partial federal shutdown on Saturday. He said speculation that the USA economy could be headed for a recession has picked up, dampening global sentiment.

by | December 22, 2018 | 03:09

The heightened scrutiny comes at a critical moment for Huawei's ambitions in Europe , its second-biggest market outside of Asia. More broadly, it challenged its accusers to produce actual evidence of their claims about security or - at the very least - to share them with Huawei's customers.

by | December 19, 2018 | 02:55

Mark Rober said a woman was caught on his home security camera walking up to his door and stealing a package off of his porch. As the thief opens the package, wires are tripped that cause the motor inside to start spinning, covering those nearby in glitter.

by | December 15, 2018 | 01:13

Now that Huawei CFO Meng Wanzhou has been released on bail in Vancouver - a common sense decision that reflects her health concerns and bona fides - attention will turn to next steps in the case involving USA allegations against her.

by | December 15, 2018 | 01:48

It does not appear that Adam Brothers' lettuce is responsible for all of the outbreak's 59 illnesses in 15 states , officials said. Farms in Santa Barbara County tested positive for the bacterial strain and the owners are co-operating with USA officials.

by | December 14, 2018 | 02:17

A Southwest spokesperson said the decision was made that Flight #3606 would return to Washington after "we learned of a life-critical cargo shipment onboard the aircraft that was meant to stay in Seattle for delivery to a local hospital".

by | December 13, 2018 | 01:25

The company received reports that the tampons were "unraveling" and "coming apart upon removal", with some consumers requiring medical help to retrieve pieces of the tampon that were left in their bodies. - 7:00 p.m. Consumers who experience vaginal injury (pain, bleeding, or discomfort, ) or vaginal irritation (itching or swelling), urogenital infections (bladder and/or vaginal bacterial and/or yeast infections), or other symptoms such as hot flashes, abdominal pain, nausea or vomiting ...

by | December 13, 2018 | 01:20

No oil output cut decision was announced on Thursday after hours of a meeting of the Organisation of the Petroleum Exporting Countries ( OPEC ). Oil prices fell on Monday after surging Friday on news that OPEC and non-OPEC members had reached an agreement to cut crude production by 1.2 million barrels per day from January.

by | December 11, 2018 | 03:29

Note: The entire text has been reproduced from the Reserve Bank of India website and has not been edited by Firstpost for clarity or style. He acquired an Indian citizenship before he was appointed deputy governor of RBI in January 2013.

by | December 10, 2018 | 01:58

Altria can also invest up to a further $1.4 billion within four years that would increase its ownership stake in the Toronto-based pot producer to 55 per cent under the arrangement. Constellation Brands Inc announced a $3.8-billion investment in Canopy Growth Corp in August, while Coca-Cola Co said in September it was watching the space for alliances that could potentially help it develop products containing cannabinoid oil.

by | December 08, 2018 | 11:15

Last week, BMW said it was considering building a second manufacturing plant in the United States that could produce engines and transmissions, drawing praise from Trump, who has made the revitalization of US manufacturing a key pillar of his economic program.

by | December 07, 2018 | 03:22

Alex Pourbaix, chief executive officer of oil-sands producer Cenovus, which may have to shut in about 35,000 barrels a day of production, said the industry is not happy to have the government so involved in the industry but realized that the curtailment plan was the only way to avoid "disaster".

by | December 07, 2018 | 02:05

Meng was arrested in the western city of Vancouver on December 1, Canada's ministry of justice said in a statement . In a brief announcement released today, Canada's Department of Justice has announced that it has arrested the Chief Financial Officer of Huawei , Meng Wanzhou .

by | December 06, 2018 | 01:58

President Donald Trump (R) and China's President Xi Jinping (L) along with members of their delegations, hold a dinner meeting at the end of the G20 Leaders' Summit in Buenos Aires, on December 01, 2018. Global markets did not express the same optimism, selling off in both Europe and Asia. "Narrow agreements and modest concessions in the ongoing trade dispute will not bridge the wide gulf in their respective economic, political and strategic interests", Moody's Investors Service said in a ...

by | December 04, 2018 | 04:08

MT memorial service. Jim McGrath, spokesman for the Bush family, tweeted out a photo on Sunday night, captioning it "mission complete". Upon their arrival, the former first family was greeted with ceremonial music and a 21-gun salute before Bush's casket was placed inside of a hearse.

by | December 04, 2018 | 02:09

The signing came at the front end of two days of tough diplomacy for Trump. INSKEEP: So what did you see and hear today? Andres Manuel Lopez Obrador is to be sworn into office Saturday as Mexico's president. "This has been a battle and battles sometimes make great friendships", Trump said. The Mexican government awarded him with the "Order of the Aztec Eagle" for his work on the trade deal.

by | December 04, 2018 | 03:08

So anyone out there looking to go long on the idea that American and China will quell this simmering trade war should be a little concerned with what Kuddles told Fox Business today . He said it was clear that both governments want to talk and work out their differences, but the agreement is only a "ceasefire". That would still take effect if the sides can not agree to a larger trade deal within the three-month window.

by | December 03, 2018 | 10:27

China responded by imposing its own tariffs. But in an editorial, the official China Daily warned that while the new "consensus" was a welcome development and gave both sides "breathing space" to resolve their differences, there was no "magic wand" that would allow the grievances to disappear immediately.

by | December 01, 2018 | 02:08

It described funding risks in the financial system as low, meaning the chance that mispricing of one asset - in 2007, for example, housing - triggers a run by investors that puts the solvency of USA banks at risk. The report aims to put on public display what the central bank is watching and how those parts of the market are behaving. But market watchers have been hoping for relief in the wake of stock market volatility in recent weeks that was due in part to worries about the Fed.

by | November 30, 2018 | 01:36

US President Donald Trump and Chinese President Xi Jinping are due to hold trade talks on the sidelines of the G20 summit in Buenos Aires on Saturday. US Trade Representative Robert Lighthizer on Wednesday slammed Beijing for failing to offer "meaningful reform" on aggressive trade policies that harm US workers and industry, and threatened tariffs on Chinese autos.

by | November 28, 2018 | 02:28

General Motors said on Monday it will cut production of slow-selling models and slash its North American workforce because of a declining market for traditional gas-powered sedans, shifting more investment to electric and autonomous vehicles.

by | November 27, 2018 | 00:55

The market saw a wave of green, although the movement of most cryptos was very little and they are still miles away from the prices they posted a fortnight ago. When valued against Bitcoin ( BTC ), some top digital currencies, such as XRP (XRP), Dash, and Ethereum (ETH ) are doing pretty well and seeing gains.